ICBKIndustrial and Commercial Bank (China)
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Under the MoU, TMX Group and ICBK will endeavour to set a framework for communicating on a regular basis to evaluate business opportunities, including joint product development in multiple asset classes, establishing clearing, settlement and risk management mechanisms.
This MoU with ICBK represents an important new relationship for TMX Group," said Lou Eccleston, CEO, TMX Group.
We are very delighted to formalize our relationship with TMX Group" said Mingxuan Zhu, President and CEO of ICBK, "We are hopeful that the resulting collaboration will provide multiple benefits for Chinese and Canadian markets now and into the future.
Intercontinental Bank's common stock is traded on Nasdaq National Market System under the symbol ICBK.